MTN Group is once again worth more than rival Vodacom Group after a surge in the former’s share price following publication of solid interim results last week.
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Despite the current turmoil in Afghanistan, MTN Group continues to operate its mobile network in the war-torn Middle Eastern country, providing services to 6.3 million subscribers.
There is real irony in the way Telkom is using every opportunity it gets to complain about a “duopoly” in South Africa’s mobile industry. By Duncan McLeod.
Facebook and some of the world’s largest telecommunications carriers, China Mobile and MTN Group, are set to build a wider-than-earlier-planned giant subsea cable in Africa.
MTN Group has decided to pull the plug on its operation in war-torn Syria after it lost control of the business. It has booked a loss of R4.7-billion on the “deconsolidation” of the subsidiary.
MTN Group and Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have cover.
MTN Group is set to complete the sale and leaseback of South African towers by the end of next month, while a separation of both the fintech and fibre units is also under way.
MTN Group doesn’t want to play second fiddle to other operators in Ethiopia, prompting its decision not to bid when the East African country tenders a second telecommunications licence soon.
MTN South Africa has turned in a resilient financial performance in the first six months of the financial year to June, with both margin expansion and strong sales growth during the period.
MTN South Africa has cut data prices with a 30-day validity, in some instances by as much as 60%. The headline price for 1GB of ad hoc data is now R85, from R99 previously, matching rival Vodacom’s pricing.